“This is bad, it’s wrong, and it’s immoral. And somebody needs to say that.” Somebody did.
Entries Tagged as 'Business'
Tired of Tired Arguments
May 16th, 2012 by Bill Brown · 7 Comments · Business
“Rich people don’t create jobs, nor do businesses, large or small,” says venture capitalist Nick Hanauer in a recent TED talk. His speech has gone viral in social media because Hanauer is a hipper version of Warren Buffet—he’s saying the same things but he invests in Amazon.com not GEICO. The speech is light on details, […]
The Crisis They Want
April 14th, 2011 by Myrhaf · 8 Comments · Business, Politics
Imagine a train rolling down a track. (No, this has nothing to do with the Atlas Shrugged movie opening on April 15th.) Now imagine a middle aged man who drives his Cadillac Escalade around the railroad crossing arm with its blinking red lights and parks on the train track. The train’s whistle screams at the […]
The First Law of Parasites
April 13th, 2011 by Myrhaf · 19 Comments · Business, Culture, Politics
It is amusing to see someone get excited about an IRS refund. He dances around and shouts, “I got $2,000! Partyyyyyy!!!” Hey, you really screwed the government, huh? Shmuck. The IRS loves to “give” you that money. Every refund represents a happy sheep. It’s the First Law of Parasites: Don’t kill the host. That refund […]
Collectivists Speak
March 3rd, 2011 by Myrhaf · 1 Comment · Business, Politics
Peter Wehner looks at two recent statements of leftist economic principles from Michael Moore and Robert Reich that are remarkably honest and revealing.
Stealing the Commanding Heights
October 7th, 2009 by Galileo Blogs · 6 Comments · Business
The Federal Reserve recently announced that it would establish rules governing the pay of employees at essentially all bank and financial corporations in the United States.
Another One Bites The Dust
July 4th, 2009 by Inspector · 2 Comments · Business, Politics
Chrysler has filed for bankruptcy. The only good thing about the prospect of automakers going into bankruptcy was that it was a chance for the government to un-do the damage it did by coercing them to meet the unsustainable terms of the auto unions. They could have removed the debts to the unions and called […]
Auto Atlas Has Shrugged
June 18th, 2009 by Mike N · 6 Comments · Business
The National Summit on the economy held at the Renaissance Center here in Detroit has ended on a sad note, provided by Nolan Finley, editor of the slightly conservative Detroit News. In his editorial Mr. Finley laments the fact that nobody seems to care about business and industry any more: “Since January, corporate America has […]
Say’s Revenge
June 13th, 2009 by Jim May · 12 Comments · Business
This post was born as a huge comment to Myrhaf’s post here. As Milton Friedman correctly wrote, inflation is always and everywhere a monetary phenomenon. By extension, therefore, so is deflation — which is why, contrary to mainstream economists, we are not in a truly deflationary period at present, insofar as there is no reduction […]
Don’t Stop the Motoring
May 26th, 2009 by Bill Brown · 3 Comments · Business
As a proud owner of a MINI Cooper, I was aghast to see MINI calling for a “Let’s Not Motor Day”. We had an Earth Hour where we’re supposed to turn off the lights and we’ve had a Buy Nothing Day. But those were put on by anti-consumer types; this “Let’s Not Motor Day” is […]
The Europeans Punish Success, Again
May 13th, 2009 by Galileo Blogs · 9 Comments · Business, Foreign Affairs
The European antitrust regulator has just announced it will fine Intel Corporation $1.44 billion (1.06 billion euros) because it “harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years.” It did this, essentially, by discounting the price it sold chips to stores that agreed […]
Nationalizing GM
April 28th, 2009 by Myrhaf · 2 Comments · Business, Politics
Powerline writes: You are about to become the proud owner of a controlling interest in General Motors–well, you and tens of millions of fellow taxpayers, anyway. A deal has been struck that tries to keep GM out of bankruptcy. As I understand it, the deal is contingent on GM providing a turnaround plan that is […]
FedEx Asserts Their Right to Exist
March 25th, 2009 by Amy Nasir · 5 Comments · Business
One company refusing to be shackled, FedEx, backed out of a $7 billion Boeing order after Congress threatened to unleash the hordes of the wealth-plundering Teamsters on them, as reported by today’s Wall Street Journal, “FedEx Threatens to Cancel Jet Orders.â€Â Actually, FedEx did not “threaten” to cancel the order, it was arranged in their […]
A Symptom of the Disease
March 5th, 2009 by Chuck · 9 Comments · Business
To the surprise of no one who understands capitalism, hybrid cars are not selling. The powers that be in our government want Americans to buy and drive hybrid vehicles, to save the earth from the putative anthropogenic global warming crisis. So the government either mandates the production of such vehicles outright, or “encourages” their production in […]
Shell Game
February 18th, 2009 by Inspector · 6 Comments · Business
I don’t normally watch The Daily Show, but I caught part of an episode by accident today. In it, Jon Stewart was grilling a former Republican congressman about his opposition to Obama’s massive “bailout.” Stewart had this Republican on the ropes because he was able to control the language of their discussion and this hapless […]
The Madoff Fiasco
December 26th, 2008 by Chuck · Comments Off on The Madoff Fiasco · Business
Just a quick note on this Madoff scandal. I keep hearing that people and fund managers were investing with Madoff, in spite of misgivings, because he “showed results.” I can’t help thinking how similar it is to the characters who invested with the “playboy” version of Francisco D’Anconia, because he “knew how to make money.” […]
Ain’t No Business Like Nobody’s Business
December 1st, 2008 by Bill Brown · Comments Off on Ain’t No Business Like Nobody’s Business · Business
The foundation of a free market economy is the sanctity of contracts. Think about it: what would happen if a farmer refused to deliver his crop at the price he agreed to in a futures contract? Or if borrowers could opt out of paying off their debt without consequence? What if the government introduced political […]
